Choosing a Broker

What is your reason for seeking financial assistance from some where else in the first place? This is the first question you need to answer. You’ve got to know what exactly you are looking for as this will save you a lot of time.

Find a broker who is easily reached either by email, telephone or better still a mobile phone and be sure you can always reach him even on busy trading days.

Follow your instincts, I mean that gut feeling after meeting several brokers. Remember that this fellow can either make you or break you. And you don’t want to end up broken after all. Do not be in a hurry find out and do not feel intimidated. You have the liberty to choose, do not end up with some one you do not like.

Ask around from people who use various brokers and find out the reasons why they use them.

Does your broker understand you investment style, your financial goals and needs? Are you long term or short term, conservative, aggressive or timid?

Check out the broker’s experience, training and most importantly, make sure he is licensed and what are his criteria for starting a portfolio.

Run away from brokers that tend to push you into investments that he or she will benefit from by receiving higher commissions. Your broker should have your interests in mind. If he or sure makes a statement like the “perfect thing” be weary because there I no such thing as the perfect thing. Find out how commissions are determined and about all additional fees and charges that you will be required to pay .

Finally read the terms and agreements properly before signing any documents from your broker.

Go on with that investment Plan, you won’t regret it, retire young – retire rich.

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